EMEA > Euro Markets: Firm auction triggers technical buying that takes EUAs to new 11-week high above key level

Euro Markets: Firm auction triggers technical buying that takes EUAs to new 11-week high above key level

Published 17:41 on November 18, 2024  /  Last updated at 19:40 on November 18, 2024  / /  EMEA, EU ETS, UK ETS

EUAs rose to yet another 11-week high and breached a key level on Monday after a stronger than usual auction outcome appeared to trigger a wave of technical and speculative buying that moved the market as much as €2.00 higher, as gas prices were only modestly firmer amid forecasts for more wind, and prompt power rose as much as 7%.
EUAs rose to yet another 11-week high and breached a key level on Monday after a stronger than usual auction outcome appeared to trigger a wave of technical and speculative buying that moved the market as much as €2.00 higher, as gas prices were only modestly firmer amid forecasts for more wind, and prompt power rose as much as 7%.


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